Savant Capital LLC Takes $2.74 Million Position in Zscaler, Inc. (NASDAQ:ZS)

Savant Capital LLC acquired a new stake in shares of Zscaler, Inc. (NASDAQ:ZS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,201 shares of the company’s stock, valued at approximately $2,742,000.

Several other large investors have also recently added to or reduced their stakes in ZS. Global X Japan Co. Ltd. raised its stake in shares of Zscaler by 127.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock worth $25,000 after purchasing an additional 79 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new position in Zscaler in the third quarter worth approximately $31,000. True Wealth Design LLC raised its position in Zscaler by 18,500.0% during the third quarter. True Wealth Design LLC now owns 186 shares of the company’s stock valued at $32,000 after acquiring an additional 185 shares in the last quarter. Versant Capital Management Inc lifted its stake in Zscaler by 136.8% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $32,000 after acquiring an additional 104 shares during the last quarter. Finally, Modus Advisors LLC acquired a new position in shares of Zscaler during the 4th quarter worth $36,000. Institutional investors and hedge funds own 46.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ZS. Jefferies Financial Group lifted their price objective on shares of Zscaler from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised their price target on Zscaler from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Susquehanna upped their target price on shares of Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Zscaler from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Citigroup upped their price objective on Zscaler from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Eleven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $225.63.

Insider Activity

In other Zscaler news, insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the transaction, the insider now owns 142,866 shares of the company’s stock, valued at approximately $28,618,917.12. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the sale, the chief executive officer now directly owns 358,569 shares of the company’s stock, valued at $71,828,542.08. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,248 shares of company stock valued at $2,052,879 in the last quarter. Company insiders own 18.10% of the company’s stock.

Zscaler Trading Up 0.9 %

NASDAQ ZS opened at $211.14 on Thursday. Zscaler, Inc. has a 12 month low of $153.45 and a 12 month high of $255.00. The company has a market capitalization of $32.40 billion, a PE ratio of -844.56 and a beta of 0.89. The stock has a 50-day simple moving average of $194.59 and a 200 day simple moving average of $188.86.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. The company had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. Zscaler’s revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) EPS. As a group, sell-side analysts predict that Zscaler, Inc. will post -0.1 earnings per share for the current fiscal year.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.